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Audited Financial Results as on 31.12.2017

Audited Financial Results as on 31.12.2016

Audited Financial Results as on 31.12.2015

Financial Statement as on 31.Dec.2018

Audited Financial Statement as on 31.Dec.2018

Exchange Rates


Secured Overdraft/loan facility is categorically designed for borrowers who may have sound credit status and debt servicing abilities as assessed by BOIUL team.

Main features and benefits
  • It meets the credit needs of trade, commercial activity and other general business requirements.
  • To repay existing loans from other Banks or any other bona fide purpose acceptable to the Bank
  • The sanctioned limits are based on the value of security and repayment capacity of bor-rower, subject to 5 times of their annual cash accrual.
  • Overdraft; 12 months and limit can be continued subject to annual review.
  • Loan; The maximum repayment period is 60 months and shall be decided on case by case basis depending upon income /collateral security/value of the account etc. (can be extended up to 7 years at the discretion of the sanctioning authority)

Basic Requirements
  • Formal Application stating the amount, purpose, tenor, source of repayment and pro-posed security.
  • Financial card number for the borrower
  • Third party guarantee of persons with adequate worth. (Can be waived at the discretion of BOIUL depending on the standing of the borrower).
  • Mortgage charge over property in the name of applicant or his/her spouse or parents or third party. The person in whose name the property to be mortgaged stands should be either a borrower/co-borrower / or a guarantor.
  • Guarantee of the spouse and family members. If the worth of the spouse and family members is not equal to the quantum of loan/overdraft, personal guarantee of a person with adequate worth has to be provided. Any deviation in terms would need ap-proval of sanctioning authority on merits.
  • In insurance of the property, BOIUL must be noted as an interested party on the proper-ty/house insurance policy